TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h 0.000%

Price spread now: Aevo against Arcus+0.133%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1241.245% of the position

Long on Arcus Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.125%−$12 · spread now +0.133%, 7d avg −0.031%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.164% dearer against Arcus than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.031%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 3 days (−0.006% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	316.72	0.0201	pay 0.0025% / 1h	11m 05s	$84K	$550K	5x
Short	Aevo TAO-PERP	317.14	0.0104	get 0.0013% / 1h	11m 05s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee AevobpOrdersPrice spread, now +0.133%Rate

Funding earned: −$20.44
Price spread: +0.133% → −0.031%: $16.37
Slippage, 4 orders: −$103.99
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$128.56
Costs to cover: 1.245%
Break-even: never at this rate

Slippage from Arcus: live order book, 63 min ago; Aevo: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 63 min ago	8.66 bp	11.4 bp −$11	21.4 bp −$214	doesn't fit	doesn't fit
Sell Aevo live order book, 63 min ago	34.18 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.1821%	1h	318.67	+0.615%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.59	−0.357%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.38	−0.106%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.50	−0.069%	$42K	$598K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.78	+0.019%	$90.8M	$450.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	+0.025%	$25.8M	$109.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.069%	$12.8M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.71	−0.003%	$99.1M	$136.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.70	−0.006%	$18.0M	$29.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.61	−0.035%	$35.2M	$51.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.13	−0.186%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.09	−0.198%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.60	−0.038%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.83	−0.281%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.20	−0.164%	$126K	$422K	20x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.76	+0.013%	$12K	$17K	20x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	317.14	+0.133%	$174K	$998	3x
Katana Perps TAO-USD	+0.0121%	8h	316.52	−0.063%	$1K	$636K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.38	−0.108%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.05	−0.211%	$374K	$375K	10x	as long as short
Phemex TAOUSDT	+0.0198%	4h	316.69	−0.009%	$3.4M	$7.8M	50x	as long as short
Arcus TAO-USDlong	+0.0201%	1h	316.72	long leg	$84K	$550K	5x
Aster TAOUSDT	+0.0202%	4h	316.71	−0.003%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	315.90	−0.259%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0247%	1h	316.20	−0.164%	$48K	$267K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0251%	1h	316.62	−0.032%	$17K	$1.5M	25x	as long as short
Polymarket Perps TAO-USD	+0.0272%	1h	316.91	+0.060%	$93K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.66	−0.019%	$4.5M	$10.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.80	+0.025%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.60	−0.038%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.070%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.84	+0.038%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.332%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0628%	4h	316.75	+0.009%	—	$30.5M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.86	+0.044%	$364	—	20x	as long as short
Bybit TAOUSDT	+0.0697%	4h	317.07	+0.111%	$65.3M	$133.4M	50x	as long as short
Nado TAO-PERP	+0.0758%	1h	316.43	−0.092%	$876K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0803%	1h	316.99	+0.085%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.08	+0.114%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1120%	1h	316.72	+0.001%	$886K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.59	−0.040%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	317.23	+0.160%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1841%	1h	317.19	+0.148%	$101.6M	$91.8M	5x	as long as short